Canada's national pension fund invests for the long-term, its CEO told CNBC on Sunday, and he named trends that are helping to guide its decision-making.
div > div.group > p:first-child"> "We're trying to go deep on certain areas where we see long-term trends and try to identify the best parts of those themes to invest in, companies to invest in, to express that view," Mark Machin, president and CEO of Canada Pension Plan Investment Board, told CNBC's Martin Soong at the China Development Forum in Beijing.
"We're substantial investors in Alibaba, which we were pre-IPO and post-IPO. We've also invested in funds alongside them that are specializing in new retail, as well as Meituan Dianping," he said. "We've invested in companies like Zoox, which is an autonomous taxi company based on the West Coast," Machin said.
That demographic shift is one theme the fund has been investing in, said Machin. He added that aging baby boomers often want to"go see the world" when they reach retirement.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Marijuana black market 'business has never been better' in Canada despite legalization, cannabis CEO warnsGreg Engel, the CEO of OrganiGram Holdings Inc., said “the lack of enforcement we’ve seen against illicit supply” has been “disappointing” to those operating in the now-legal industry.
Read more »
Why Canada Goose jackets are so expensiveCanada Goose jackets are made to withstand the coldest places on earth, and the company has a brand history to back it up.
Read more »
Struggling to stay alive: Rising insulin prices cause diabetics to go to extremesThe escalating cost of insulin has desperate diabetics rationing medication, acquiring the drug from friends or getting it from Canada or Mexico.
Read more »
'Horrible attack': Catholic priest stabbed during livestreamed church service in Canada as stunned parishioners look onA Catholic priest was stabbed while celebrating Mass in Montreal as stunned parishioners looked on, according to officials and video footage.
Read more »
In fresh blow to Canada PM Trudeau, lawmaker quits his caucusIn a fresh blow to the embattled government of Canadian Prime Minister Justin Tr...
Read more »
Canada cracks down on asylum seekers crossing U.S.-Canadian borderSome 57,000 asylum seekers from Nigeria, El Salvador, Honduras and other nations crossed the U.S. border into Canada last year, in some cases citing a fear of persecution by the government of U.S. Donald Trump. Given Canada's clogged judicial system, that could take years. Canada began prioritizing
Read more »
Brazil waives visas for visitors from U.S., Canada, Australia, JapanThe Brazilian government on Monday waived visa requirements for visitors from th...
Read more »